Where is Denel based?
Where is Denel based?
Gauteng, South Africa
Denel
| Type | State-owned enterprise |
|---|---|
| Founded | 1992 |
| Headquarters | Centurion, City of Tshwane, Gauteng, South Africa |
| Area served | Worldwide |
| Key people | Talib Sadik (CEO) Carmen Le Grange (CFO) |
Where is Denel in South Africa?
| Physical Address | : | Nellmapius Drive Irene Centurion South Africa |
|---|---|---|
| Postal Address | : | PO Box 8322 Centurion 0046 South Africa |
| Telephone | : | +27 12 671 2700 |
| Facsimilee | : | +27 12 671 2751 |
| : | [email protected] |
Is Denel a state-owned company?
Denel SOC Ltd is a state-owned commercially-driven company and strategic partner for innovative defence, security and related technology solutions. It groups together several defence and aerospace divisions and associated companies.
Who is the CEO of Denel?
Hlakoane has been appointed as the Denel acting CEO to turn its fortunes around, becoming the fourth CEO at the company since 2019. Hlakoane, who joined Denel as a chief operating officer two years ago but was thrown into the acting CEO role after Talib Sadik didn’t renew his contract, has an impressive CV.
What happened to Denel?
A financial, operational and leadership crisis In Denel’s case, it has faced a crisis on financial, operational and leadership fronts. Denel recently reported a financial loss of R1. 9-billion in the year ending February 2020.
What is Denel South Africa?
Denel is an important defence contractor in its domestic market and a key supplier to the South African National Defence Force (SANDF), both as original equipment manufacturer (OEM) and for the overhaul, maintenance, repair, refurbishment and upgrade of equipment in the SANDFs arsenal.
Does Denel make economic profit in the long run?
Denel’s low gross profit was a result of labour under-recoveries, despite headcount reductions. Denel’s net loss was due to the high-interest expense. The exit of loss-making divisions and onerous contracts, and poor financial performance were attributed to the liquidity constraints.
Who is Transnet CEO?
Portia Derby (Feb 1, 2020–)Transnet / CEO
Who owns Denel?
Government of South AfricaDenel SOC Ltd / Parent organization
Is Denel part of Armscor?
All the production business units of Armscor were separated in 1992 to form the state-owned company Denel, and the Armaments Production and Development Act was revised to reflect the new functions of Armscor.
What’s happening with Denel salaries?
It is facing pressure from trade unions and the labour court over salaries and benefits that have been unpaid since mid-2020. In February, Denel is due in court to face off against labour organisation Solidarity over unpaid salaries from the eighth month of 2021 to date.
What is happening at Denel?
The North Gauteng High Court in Pretoria has ordered state-owned arms manufacturer Denel to pay R13. 2 million in outstanding salaries to 42 un-unionised current and former employees. The struggling defence group has been unable to pay its roughly 2 800 employees their full salaries since May 2020.